Sensex tanks 901 points to 4-month closing low

The Indian stock market, specifically the sensex, experienced a significant drop of 901 points or 1.4% on Thursday, reaching a four-month closing low. This decline is attributed to geopolitical risks and the hardening of US government bond yields. Additionally, the expiration of October derivative contracts and heavy selling by foreign funds have contributed to market volatility. In the last six sessions, the sensex lost 5% of its value, resulting in a loss of investors’ wealth amounting to Rs 17.8 lakh crore.